Thats the point where we see intervention. Some saying that 160 could be the in the sand. Certainly its the question of how meaningful and house of santa, how effective would any sort of Government Intervention be when youve got that ongoing cap between the fed and the boj . What we are seeing here for equities at the start of the day is a little bit of pressure, following what happened on wall street overnight because we had the s p 500 on its longest losing streak in several months. Really big tech bearing the brunt of that. Earnings and focus, given we have a number of big tech names reporting over the coming days. That could leave clues on the health of the u. S. Economy. Also whether we will see any sort of big ai led rally sustaining the momentum. Lets chains on. Take a look at whats happening in korea to start the day here. The korean won firm are here against the greenback. Six tense of 1 . Broadly, equities just modestly in positive territory. Fx has been a big talking point.
Im trish regan. Welcome to the intelligence report. The president is out there selling tax reform in missouri as senators get ready to debate the tax bill in washington. Republicans can only afford to lose two votes on this one but at least seven senators expressed their concerns on the bill. Will they be able to cross the finish line on it . Were asking senator bill cassidy, one of the writers on the tax bill. Plus chilling new details on the north Korean Missile test. We learned that the missile had interest trek yes to hit anywhere in the in the United States trajectory. President trump said the situation will be quote, handled. What does that mean . Major shakeup in the media world. Nbcs matt lauer fired following complaint of inappropriate sexual behavior. We have more on the bombshell allegation and what it means for the today show, a big moneymaker for nbc and comcast. We want to go to jeff flock in missouri where the president is set to deliver a major speech on tax reform. He
Lying to the fbi, prepared to testify against President Trump, nbc something nice has yet to verify at any rate, down sharply. Now weve come back. There was a lot of talk about tax reform, stocks recovering the early losses, tax reform appears to gain no men tucmomenm the latest from washington on where this bill stands coming up in fact, lets get straight to the big news in d. C. Hitting the markets today. It is the fall yout from the guilty plea of former National Security adviser Michael Flynn eamon javers joins us with the latest at this hour. Reporter kelly, we got news in the past couple minutes here reported by nbc news that two officials tell them that Jared Kushner is the official who is listed in the criminal information surrounding Michael Flynn guilty plea today as being a very senior transition official who advised mike flynn to get on the phone with officials from various countries around the world to talk about a u. N. Sanctions problem that they had back during the pres
Today, number two, 60 million worth of bitcoins were stole from a Bitcoin Wallet. Bitcoin is not immune to hackers and once they are gone, you cant get them back, think about that. Politics, senator franken will make a statement on the senate floor today, lost support of most fellow democrats, will he resign, dont know. Will he respond to Sexual Harassment charges against him, we dont know that either. When he speaks, you will see and hear it. Veterany company is about to Varney Company is about to begin. Note stuart lets get right to it. Story of the day, Southern California wild fires, ashley, what do we have . Brutal santa ana winds which would fan the flames from fires, now the National Weather say not quite as bad, gusty but not 80 miles an hour. They had to shut down with 101 freeway. Thats the ventura freeway, they cut it down, essentially cutting off northbound traffic from heading to santa. Barbara a from ventura. You can see northwest of downtown los angeles, four major fires
Plus, infamous short seller andrew has a new target. Why he thinks the bitcoin is one of the most dangerous trades in the market apple making it official sending out invites for the big iphone 8 unveiling with the stock up 10 just in the last month, will it be a news event we start off with drugs and money. Health care, the best forming record, now the second biggest sector of the s p 500. Big pharma, and big biotech, check out moves in the names like pfizer, bristolmyers, eli lily, plus gilead continue their run. So is health care where you want to be right now . Which is the better bet . Big pharma or big biotech . I got myself in trouble last time no, no, i permit you to answer the question open its a is it a plug . Yes i think we sell. Biotech over regular tech. Its proven to be right at least for 24 hours but weve got to whittle it down ill play the whittle it down game with you. At this point in the cycle, i would go big cap pharma. Not to suggest that biotech is done by any stre